A total of $18 million in unclaimed tax refunds has gone unclaimed by Connecticut taxpayers. The IRS says 16,000 people in the state did not file a federal income tax return in 2005. But to get it, you have to file those forms by this coming April 15.
Right now, the IRS has a total of approximately $1.3 billion in unclaimed funds. Half of those who could claim refunds would receive more than $581.
"Especially in these tough economic times, people should not lose out on money that is rightfully theirs," said IRS Commissioner Doug Shulman. “People should check their records, especially if they had taxes withheld from their paychecks but were not required to file a tax return. They may be leaving money on the table, including valuable tax credits that can mean even more money in their pockets."
Anyone who had taxes withheld from their paychecks, but were not required to file a tax return, should check their records.
For more information read the IRS press release here.